Chiron Seeks a New Chief
In Management Reshuffle

EMERYVILLE, Calif. -- Chiron Corp. said it plans to hire a new president and chief executive officer, after which co-founder Edward E. Penhoet will become vice chairman of the biotechnology company.

In his new post, the 56-year-old Mr. Penhoet will manage relationships with industry, government and educational institutions. Chairman William J. Rutter also will give up some of his operating responsibilities to the new president. Chiron...